News From Press Explained: Sukanya Samriddhi Account

Explained: Sukanya Samriddhi Account

Source: Livemint Sep 11, 2018

Sukanya Samriddhi Account (SSA) is a social welfare scheme to promote the interests of a girl child such as her education and marriage. The scheme was launched in December 2014.

For investment, under this scheme, parents or legal guardians can open only one account in the name of one girl child and maximum two accounts in the name of two different girl children. It offer a tax free annual interest of 8.1% compounded annually.

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